28
Jun
16:18
Moody’s revises Tata Steel ratings, expects reduced earnings
Moody's has revised the rating outlook of Tata Steel from positive to stable and affirmed Tata Steel's Ba1 corporate family rating (CFR) on strong operational performance, Kallanish notes.
According to the rating agency, Tata is poised to reduce its debt by at least $1 billion in the fiscal year ending 31 March 2023 (FY23), on the back of its publicly articulated capital allocation policy.
"Today's outlook change to positive reflects Tata Steel&#…
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Anonymous
Very good overview of the weekly steel market.
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